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March 31, 2026
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  • N15.51tn

N15.51tn

  • National

Federal Govt Owes CBN N15.51tn, Borrows N14.86tn Under President Buhari

News Rangers5 years ago5 years ago016 mins

LAGOS AUGUST 18TH (NEWSRANGERS)-The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances has ballooned to N15.51tn, rising by 2,286 per cent in six years, data collated from the CBN have shown. The N15.51tn owed by the Federal Government to the central bank is not part of the country’s…

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